Frequently Asked Questions

Where do I begin?

Before you make an offer on your dream home, give us a few minutes of your time for a FREE consultation. We can show you how much you can afford, the down payment needed (if any) and answer any questions you might have.

How long is the approval process?

Much faster than you might think. We can give you an answer more quickly than many of our competitors. Contact us today to find out.

Do I need a down payment?

Down payment requirements vary from loan to loan. We offer many programs with very low down payment features. We can show you all your options.

Can I use a “gift” as a down payment?

Yes, money you receive as a gift may be used as a down payment. However, there are certain restrictions. We can tell you what they are and how you can benefit most.

What are closing costs and how much will they be?

Closing costs include appraisal fees, title insurance and other fees concerning the transaction. The amount depends on various factors, which we would be happy to explain to you in detail.

How long does it take to close on my loan?

Generally 21 to 30 days after your application has been submitted.

How much of a mortgage can I qualify for?

The general rule of thumb is that your total monthly housing expenses amount to less than one-third of your monthly gross income. This varies a bit by the loan program you choose. Call us and we can give you a fast answer specific to you.

When should I refinance?

Refinancing can play a major role in your overall financial goals. Many homeowners refinance to a lower rate to save thousands of dollars over the course of their loans. Or you can use money to pay for everything from a home improvement to a family vacation to college tuition. Give us a call to discuss your goals. We can tell you in a few minutes how refinancing can help you get what you want.

What is a credit score and how do I find mine?

A credit score is simply a rating of your credit worthiness based upon how you’ve used credit in the past, whether or not you’ve made payments on time, how long you’ve used credit, etc. The higher your score the better. We can help you find your score with a free copy of your own personal credit report! Be sure to ask us right away.

What is a credit report?

Your credit report is a snapshot of your credit history, revealing how you’ve used credit in the past, which determines your credit score.

Let us help you!

You deserve quick, straightforward answers. This page provides answers to frequently asked questions. Don’t see what you’re looking for? Call us at 408-745-1000 or email us at , and we’ll be happy to answer your questions.